Residential Property Valuations
Valuers are requested to undertake an assessment of the market value of a residential property for various purposes including:
- Sale & Purchase Advice
- Mortgage Requirements
- Relationship Property or Trust Settlements
- Rating Valuation Objections
- Compensation for Public Works
Initially the Valuer will communicate with the client to ascertain the scope of the work to be completed, arrange for a property inspection and estimate the likely fees for the job.
Prior to the property inspection, the Valuer will research the nature of the subject property with regards to its locality, zoning restrictions and conduct relevant market research.
The property inspection includes measurement and inspection (internal and external) of the dwelling and other improvements.
Following the inspection, the Valuer will analyse comparable sales and other evidence in order to ascertain the market value of the property and compile a comprehensive report.